Last updated on: 7/7/2010 | Author: ProCon.org

Wall Street Journal Biography

Position:
Con to the question "Is the Patient Protection and Affordable Care Act (Obamacare) Good for America?"
Reasoning:

“The health bill… which President Obama hailed as a ‘critical milestone,’ may well be the worst piece of post-New Deal legislation ever introduced…

[T]he bill creates a new and probably unrepealable middle-class entitlement that is designed to expand over time. Taxes will need to rise precipitously, even as ObamaCare so dramatically expands government control of health care that eventually all medicine will be rationed via politics…

The goal is to ram through whatever income-redistribution scheme they can claim to be ‘universal coverage.’ The result will be destructive on every level – for the health-care system, for the country’s fiscal condition, and ultimately for American freedom and prosperity…

As Congress’s balance sheet drowns in trillions of dollars in new obligations, the political system will have no choice but to start making cost-minded decisions about which treatments patients are allowed to receive. Democrats can’t regulate their way out of the reality that we live in a world of finite resources and infinite wants. Once health care is nationalized, or mostly nationalized, medical rationing is inevitable.”

Nov. 1, 2009 editorial titled “The Worst Bill Ever,” available at online.wsj.com:

Theoretical Expertise Ranking:
   Media and Academic Journals
Mainstream print, broadcast, radio, and internet media entities such as the New York Times, CNN, ABC News, National Public Radio, Slate.com, Seattlepi.com, etc., as well as influential academic journals such as the Journal of the American Medical Association, Quarterly Journal of Economics, Foreign Policy, etc.
Description:

“The Wall Street Journal is the largest national daily newspaper in the U.S. and its award-winning journalists have garnered 33 Pulitzer Prizes through the years. It employs more than 2,000 journalists reporting in 58 countries…

International editions of The Wall Street Journal include The Wall Street Journal Europe and The Wall Street Journal Asia. Dow Jones also publishes The Wall Street Journal Special Editions, a collection of The Wall Street Journal’s pages published in 39 newspapers in 49 countries.”

“About Dow Jones,” www.dowjones.com (accessed July 7, 2010)

Mission:

“[Providing] high value, hard-to-find, premium content that businesses and financial services firms demand, including real-time news, research, aggregated content and information solutions.”

“About Dow Jones,” www.dowjones.com (accessed July 7, 2010)

Other:
None found
Quoted in:
  1. Will Medicare Part C (Medicare Advantage) benefits increase?
  2. Will I pay less for health insurance and medical care?